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Pound Value Plummets Against U.S. Dollar Following UK Tax Cut

BATH, UNITED KINGDOM - JANUARY 07: In this photo illustration, a old British £1 note is pictured with a one Dollar bill note on January 07, 2023 in Bath, England. Although the value of the UK pound against the Euro and the US Dollar has been rising in recent weeks from reaching record lows, a rallying Dollar drove the Pound back near to its lowest levels since late November after better-than-expected U.S. economic data was released. Any fresh falls in the value of sterling is also contributing to the UK's cost of living crisis, as inflation hits a near-30-year high. (Photo Illustration by Matt Cardy/Getty Images)
BATH, UNITED KINGDOM - JANUARY 07: In this photo illustration, a old British £1 note is pictured with a one Dollar bill note on January 07, 2023 in Bath, England. Although the value of the UK pound against the Euro and the US Dollar has been rising in recent weeks from reaching record lows, a rallying Dollar drove the Pound back near to its lowest levels since late November after better-than-expected U.S. economic data was released. Any fresh falls in the value of sterling is also contributing to the UK's cost of living crisis, as inflation hits a near-30-year high. (Photo Illustration by Matt Cardy/Getty Images)
Pound Value Plummets Against U.S. Dollar Following UK Tax Cut
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Credit:
Matt Cardy / Contributor
Editorial #:
1454807653
Collection:
Getty Images News
Date created:
January 07, 2023
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License type:
Rights-managed
Release info:
Not released. More information
Source:
Getty Images Europe
Object name:
old_pound_dollar-1
Max file size:
5000 x 3333 px (16.67 x 11.11 in) - 300 dpi - 10 MB